Micro-Inverter Market Major Players and Forecast 2025

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MarketsandMarkets Presents
The Global Micro-Inverter Market Size was valued
at USD 2.5 billion in 2020 and is projected to
reach USD 6.5 billion by 2025 it is expected to
grow at a CAGR of 20.8 from 2020 to 2025. The
key factors fueling the growth of this market
include increasing demand for micro-inverter
solutions in residential applications, growing
visibility regarding the inherent benefits
offered by them, such as remote monitoring
capabilities, upsurge in renewable energy
investment, and government initiatives
encouraging the adoption of renewable energy.
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MarketsandMarkets Presents
Single-phase micro-inverters accounted for larger
size of the Micro-Inverter Market in
2020. Single-phase micro-inverters are compact
and suitable for residential and commercial
applications. The residential segment operates on
single-phase systems for the transmissions of
electricity. European countries, along with the
US and Australia, adopt single-phase
micro-inverters for residential applications.
Also, most of the micro-inverter manufacturers
across the world offer single-phase
micro-inverters. With all these factors,
single-phase micro-inverters lead the market, and
a similar trend is likely to be observed in the
coming years. Download PDF Brochure _at_
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MarketsandMarkets Presents
Residential application expected to hold largest
size of the Micro-Inverter Market in
2020. Micro-inverters are mainly adopted for
residential applications. Residential solar
rooftop PV installations have witnessed
significant growth over the last few years.
Towering energy costs, coupled with supportive
government policies worldwide, have led to the
increasing adoption of energy conservation
measures for controlling energy expenditure in
residential applications. Countries such as the
US, Australia, and the Netherlands. Speak To
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MarketsandMarkets Presents
North America projected to be the largest market
for a Micro-Inverters from 2020 to 2025. The
high number of micro-inverter installations in
the region, mainly in the US and Canada, can be
attributed to the growth of the Micro-Inverter
Market in the region. The US was the first
country to adopt micro-inverter technology at a
large scale, especially for residential
applications. Moreover, several companies, such
as Enphase Energy, Altenergy Power System,
Chilicon Power, and Sensata Technologies, based
in this region offer micro-inverter
technology-based products, which further adds to
the growth of the Micro-Inverter Market in North
America.
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MarketsandMarkets Presents
Key Players The Key Players operating in the
Micro-Inverter Market include Enphase Energy
(US), Altenergy Power System (US), Darfon
Electronics (Taiwan), ReneSola (China),
AEconversion (Germany), and Chilicon Power (US)
among others. Browse For More Details -
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icro-inverter-market-43340469.html
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